Posted: Oct 15, 2019 9:38 a.m. ET
Sallie Mae has rolled down three brand new credit cards targeted at university students and present graduates
Education loan giant Sallie Mae SLM, +0.44% has become providing three charge cards made for the collegiate set — including one which lets people utilize their cash-back rewards to repay student education loans.
But also for some, the smarter move could be to join up for other credit-building cards in the marketplace.
The 3 credit cards — Sallie Mae Ignite, Sallie Mae Accelerate and Sallie Mae evolve — are all structured likewise. Each possesses base rate for cash-back benefits, then an additional 25% bonus on benefits if users satisfy specific needs. Here’s exactly the way they digest:
• The Sallie Mae Accelerate card provides 1.25% right straight back on all acquisitions, but people could possibly get a supplementary 25% bonus regarding the benefits in the event that rewards are acclimatized to lower any federal or personal education loan. Continue reading